Reddit Inc Class A (RDDT)
RDDT Stock Alert: Reddit Pops on Major OpenAI Deal
Reddit (NASDAQ: RDDT ) stock rose 11% overnight after the discussion site licensed its content to OpenAI for training large language models. Under the deal, OpenAI will become a Reddit advertiser, and users will gain access to artificial intelligence (AI) features.
Reddit Stock Stock Soars. Playing Nice with AI Companies Is Paying Off.
The social-media company's agreement to license its content with Microsoft-backed OpenAI comes after Reddit reached a similar arrangement with Alphabet's Google, reported to be worth $60 million a year.
Short squeeze alert for Reddit stock
Since its IPO nearly two months ago, Reddit (NYSE: RDDT) has been a rollercoaster ride for investors.
Reddit shares jump on OpenAI ChatGPT deal
Reddit (NYSE:RDDT) shares jumped as much as 14% in late-night trading after it announced a new partnership with ChatGPT creator OpenAI. Content from the Reddit (NYSE:RDDT) platform is expected to be taken in by OpenAI's ChatGPT system and other products, meanwhile, OpenAI will also become a Reddit advertising partner.
Why is the Reddit Inc stock price (RDDT) up 12% today?
Reddit Inc (RDDT), arguably the original meme stock, has done a roaring trade in the past few hours. After debuting on the New York Stock Exchange stock exchange as recently as March 21st, the Reddit stock price has climbed an impressive amount in overnight trading.
Reddit Jumps On OpenAI Partnership
Reddit will give artificial intelligence startup OpenAI access to its data. Reddit stock jumped, moving toward an aggressive entry.
OpenAI inks deal to train AI on Reddit data
OpenAI and Reddit have reached a deal to allow OpenAI to train its generative AI models on Reddit's data.
OpenAI strikes deal to bring Reddit content to ChatGPT
Reddit has partnered with OpenAI to bring the social media platform's content to ChatGPT, the companies said on Thursday.
